Insider Selling: Bandwidth (NASDAQ:BAND) Insider Sells $133,343.95 in Stock

Bandwidth Inc. (NASDAQ:BANDGet Free Report) insider Rebecca Bottorff sold 2,713 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $49.15, for a total value of $133,343.95. Following the completion of the sale, the insider directly owned 10,704 shares in the company, valued at approximately $526,101.60. This represents a 20.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Bandwidth Price Performance

BAND opened at $47.09 on Friday. The stock has a 50-day moving average price of $56.22 and a 200-day moving average price of $41.88. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market cap of $1.52 billion, a PE ratio of -162.38 and a beta of 3.03. Bandwidth Inc. has a 1 year low of $12.50 and a 1 year high of $79.08.

Bandwidth (NASDAQ:BANDGet Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. Bandwidth had a net margin of 0.27% and a return on equity of 1.85%. The company had revenue of $219.90 million for the quarter, compared to the consensus estimate of $217.62 million. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. Bandwidth has set its Q3 2026 guidance at 0.450-0.490 EPS and its FY 2026 guidance at 1.710-1.790 EPS. Sell-side analysts predict that Bandwidth Inc. will post 0.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BAND. Piper Sandler upped their target price on shares of Bandwidth from $38.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, August 19th. B. Riley Financial boosted their target price on shares of Bandwidth from $55.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, July 9th. Zacks Research lowered Bandwidth from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Needham & Company LLC reissued a “buy” rating on shares of Bandwidth in a report on Thursday, August 20th. Finally, Citizens Jmp upped their price target on Bandwidth from $70.00 to $86.00 and gave the stock a “market outperform” rating in a research report on Monday, July 20th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $59.80.

Get Our Latest Stock Report on BAND

Hedge Funds Weigh In On Bandwidth

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP increased its position in Bandwidth by 138.9% during the second quarter. Wellington Management Group LLP now owns 911,893 shares of the company’s stock valued at $57,723,000 after acquiring an additional 530,182 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Bandwidth by 299.5% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 688,430 shares of the company’s stock worth $12,268,000 after purchasing an additional 516,117 shares during the period. Bastion Asset Management Inc. bought a new position in shares of Bandwidth in the 1st quarter worth $6,592,000. CSM Advisors LLC bought a new position in shares of Bandwidth in the 4th quarter worth $5,342,000. Finally, AQR Capital Management LLC lifted its stake in shares of Bandwidth by 49.1% during the 2nd quarter. AQR Capital Management LLC now owns 587,305 shares of the company’s stock worth $9,338,000 after purchasing an additional 193,398 shares during the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.

About Bandwidth

(Get Free Report)

Bandwidth Inc operates a cloud-based communications platform that provides voice, messaging and emergency services APIs for enterprises and developers. Through its proprietary network and software-as-a-service model, the company enables customers to integrate programmable voice calls, text messaging and 9-1-1 routing into their applications. Bandwidth’s solutions aim to reduce complexity and improve reliability in mission-critical communications, serving industries such as healthcare, financial services, on-demand mobility and customer engagement.

Founded in 1999 in Raleigh, North Carolina by co-founders David Morken and Henry Kaestner, Bandwidth initially focused on voice-over-IP infrastructure before evolving into a full communications API provider.

Further Reading

Insider Buying and Selling by Quarter for Bandwidth (NASDAQ:BAND)

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